In September 2021, Cushman & Wakefield Echinox announced the Akcent Development residential project Cloud 9 has sold 85% of its apartments, with more than 700 units sold out of a total of 820 apartments by the end of August.
The project is located in the Aviatiei area in the northern part of Bucharest. According to Cushman & Wakefield, “although during the summer there is normally a decreasing trend when it comes to the residential transactional activity, 102 apartments with a total value of over EUR 10.5 million + VAT have been transacted between June and August 2021 within the Cloud 9 project.”
“We are pleased to see that we have reached and even exceeded our goals set at the beginning of the year in terms of sales at Cloud 9, which reconfirms the quality of our project in an extremely competitive market,” commented Akcent Development CEO Laurentiu Afrasine. “This determines us to continue with even more determination the process of pre-development of our projects in the northern part of the Capital City, being convinced of both the sustainability of the residential demand and the attractiveness of our projects.”
Started in May 2018, the construction of the four apartment blocks has been completed in two years. The project includes 18 types of apartments with areas ranging between 48 to 144 square meters, as well as three penthouses with private pools that have already been sold.